Mainland retirement pay rumored to be approved to trade in shares

China Daily quoted an officer of Financial Department as saying the mainland retirement pay would be approved to trade in shares in October. Only if State Department passed the relevant regulations, the funds companies funded both by China mainland and foreign countries could manage the retirement pay. However, the report did not reveal the up limit of the relevant pension investment in the stock markets, nor did it reveal the participating rate of the foreign fund companies.

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